Non QM underwriting refers to the process of evaluating and approving mortgage loans that do not meet the qualified mortgage (QM) guidelines set by government agencies such as Fannie Mae and Freddie Mac. These loans are designed to serve borrowers with unique financial circumstances or properties that don’t fit the traditional lending criteria. In this article, we will explore the key aspects of non QM underwriting, including its definition, benefits, and considerations. The discussion will be organized under three subheadings to provide a comprehensive understanding of the topic.